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Russia to Work With Digital Currencies of Other Nations

Russia to Work With Digital Currencies of Other NationsThe platform developed for the digital ruble will be able to operate with different state-issued digital currencies, the Bank of Russia said. Mechanisms for interaction with digital coins minted by the central banks of other countries are already under development, the monetary authority unveiled. Digital Ruble Platform to Support Integration With Other CBDCs, Bank of […]

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Digital Euro Key for European Payment Autonomy, ECB President Lagarde Says

Digital Euro Key for European Payment Autonomy, ECB President Lagarde SaysThe digital euro has an important role in preserving the payment autonomy of Europe, the head of the eurozone’s monetary authority emphasized. The new currency, which is still under development, is meant to be sovereign and safe, cheap and widely available, Christine Lagarde assured during a discussion devoted to central bank digital currencies. Payment Cards […]

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Coinbase Fined €3.3 Million in Netherlands, Exchange Considers Appeal

Coinbase Fined €3.3 Million in Netherlands, Exchange Considers AppealThe Dutch central bank has imposed a fine on crypto exchange Coinbase for providing services in the past without the necessary registration. The trading platform, which has until March to object to the measure, is currently considering an appeal against the move. Dutch Monetary Authority Fines Coinbase for Operating Without Registration De Nederlandsche Bank (DNB) […]

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Cryptocurrencies Affect Central Bank Tasks, Dutch Monetary Authority Says, Urges Global Regulation

Cryptocurrencies Affect Central Bank Tasks, Dutch Monetary Authority Says, Urges Global RegulationConvinced that cryptocurrencies are affecting the tasks performed by monetary authorities around the world, the Dutch central bank has urged for comprehensive international regulations. The call comes after research into the development of crypto assets and policy responses. ‘Proper Regulation Indispensable for Risky Cryptos,’ Dutch Central Bank Insists Bitcoin, tether, and other digital coins are […]

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Crypto Exchange Bybit Does Not Plan to Sanction Russian Users Despite MAS Call, Report

Crypto Exchange Bybit Does Not Plan to Sanction Russian Users Despite MAS Call, ReportCryptocurrency exchange Bybit has no intention to introduce restrictions for Russian traders, despite a recent reminder by the Monetary Authority of Singapore (MAS) about the obligations of crypto providers in that respect. According to a crypto media report, the platform shared its position in correspondence with partners. Bybit Reportedly Vows to ‘Not Discriminate Against Crypto […]

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Crypto Exchanges Must Comply With Russia Sanctions, Singapore Central Bank Says

Crypto Exchanges Must Comply With Russia Sanctions, Singapore Central Bank SaysThe Monetary Authority of Singapore (MAS) has reiterated that cryptocurrency exchanges need to conform to restrictions on Russian users imposed over Moscow’s invasion of Ukraine. The reminder comes after researchers established that pro-Russia activists have raised millions of dollars in digital assets to support its war effort. Singapore Says Measures Targeting Russia Apply to All […]

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Singapore Seeks to Reduce Risks for Retail Crypto Investors With Restrictive Rules

Singapore Seeks to Reduce Risks for Retail Crypto Investors With Restrictive RulesFinancial authorities in Singapore have proposed new regulations designed to protect consumers from risks associated with cryptocurrency investment and trading. The measures, which also aim to expand regulations for stablecoins, will be discussed with the industry before their adoption. Singapore Prepares to Tighten Cryptocurrency Regulations, Limit Public Access to Digital Assets The Monetary Authority of […]

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Hong Kong Presents Digital Currency Prototype, Project Aurum

Hong Kong Presents Digital Currency Prototype, Project AurumFinancial authorities in Hong Kong have unveiled a prototype of the Chinese autonomous territory’s own central bank digital currency called Project Aurum. The two-tier platform features a wholesale interbank and a retail e-wallet system, participants revealed. Hong Kong to Issue Retail Tokens and Stablecoins as Part of Project Aurum A collaboration between the BIS Innovation […]

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Australia Issues White Paper for Central Bank Digital Currency

Australia Issues White Paper for Central Bank Digital CurrencyReserve Bank of Australia is researching the potential benefits of launching a central bank digital currency. The monetary authority released a white paper outlining its goals and invited interested parties to participate with proposals and suggest pilot projects. Central Bank of Australia to Pilot CBDC Until Middle of 2023 The Reserve Bank of Australia (RBA) […]

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Hong Kong to Start Testing Digital Currency in Coming Months

Hong Kong to Start Testing Digital Currency in Coming MonthsChina’s special administrative region of Hong Kong is going to trial а digital version of its dollar as early as this year, in preparation for eventual roll-out. The territory is trying to catch up with those that are already launching central bank digital currencies, including the People’s Republic with its digital yuan project. Trials of […]

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